Coriander falls on sufficient stocks, decline in demand
Agencies : New Delhi, Thu Nov 08 2012, 16:03 hrs
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Coriander prices fell by Rs 103 to Rs 4,480 per quintal in futures trade today as speculators booked profits on subdued demand in spot markets.
Sufficient stocks positions in spot markets also put pressure on coriander prices.
At the National Commodity and Derivative Exchange, coriander for November fell by Rs 103, or 2.24 per cent, to Rs 4,480 per quintal, with an open interest of 2,140 lots.
The commodity for December delivery declined by Rs 32, or 0.67 per cent, to Rs 4,706 per quintal, with an open interest of 28,810 lots.
Marketmen said in addition to profit-booking by speculators at existing higher levels, subdued demand in the spot markets led to the decline in coriander futures prices.
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